ICO Seeking to Raise $50 Million Halted by Australian Securities Watchdog

Following an intervention by the Australia Securities Investment Commission (ASIC), Brisbane based project Global Tech Exchange announced on its website today that they have had to cease their token sale.

Global Tech Exchange had aimed to raise between 10 and 50 million $USD to kickstart the creation of their crypto trading platform. The token sale began on 12th September and was planning to run until 10th December. Right now it’s unclear how much the company had raised to date, but what is clear is that they have been forced by ASIC to issue refunds to investors.

Michael Clarke, a Cricket celeb in Australia, had originally endorsed the company and announced his involvement in the project back on August 8th, but has been distanced by Global Tech in their statement issued today.

Synthetic Minds, the San Fransisco based smart contract security startup, has managed to secure $5.5 million in backing for its technology which aims to bug test blockchain networks. The company claims that this round of funding was supported by Pantera Capital (a...

Bitmain, the giants of Bitcoin mining hardware, have officially released a software update to it's Antminer s9 range, allowing its users to mine Bitcoin in a more efficient manner. Their newly released firmware update will engage "overt AsicBoost" bringing a...

The Securities and Markets Stakeholders Group (SMSG), an organisation that advises the European Securities and Markets Authority (ESMA), has made the recommendation (in this report dated October 19th 2018) that the majority of cryptocurrencies and tokens from ICO...